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Turkish Diagnostic Imaging System Market Will Fluctuate, While Russian Market Will Grow Moderately Through 2022
Date:11/20/2013

TORONTO, Nov. 20, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, both the Russian and Turkish diagnostic imaging system markets will benefit from increased government investment in healthcare through 2022. However, differences in the programs in both countries will result in substantially different market dynamics.

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In Turkey, the government has been investing in healthcare in order to prepare for EU accession, including building new facilities under the public-private-partnership model, creating further demand for diagnostic imaging systems. In an effort to equip a growing number of facilities with new systems, the Ministry of Health has moved toward greater centralized purchasing, resulting in occasional high-volume tenders and therefore a highly fluctuating market. This has created a difficult environment for competitors because these centralized purchases will be through single-vendor-won tenders, resulting in significant variations in market shares depending on which companies earn the bulk tenders that year. Additionally, companies must be prepared to offer significant discounts in order to win these contracts, which will favor larger multinational companies.

"Although the Russian government is also attempting to improve the quality of health care in the country, there are significant differences in the diagnostic imaging system market compared to Turkey," said MRG Analyst Felix Lam. "In Russia, the government invested significant resources into modernizing an aging installed base of systems, but most of the spending was completed by 2013. Although the government will continue to invest in healthcare going forward,
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SOURCE Millennium Research Group
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